On September 1, Year 1, West Company borrowed $50,000 from Valley Bank. West agreed to pay interest annually at the rate of 6% per year. The note issued by West carried an 18-month term. West Company has a calendar year-end. What is the amount of interest expense that will be reported on West's income statement for Year 1

$999.90

Explanation:

The interest expenses will be charged for 4 month (September 1 to December 31)

Interest expenses = $50,000 * 6% * 4/12

Interest expenses = $50,000 * 0.06 * 0.3333

Interest expenses = $999.90

So, the amount of interest expense that will be reported on West's income statement for Year 1 is $999.90

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants